"The average home buyer needs to make over $110,000 to afford the average home... you now need a six-figure salary to buy the average home in 23 states."
Discussion
Real estate is a shitcoin
Now, I was lucky and "inherited" a house my grandfather built. The catch was that it was neglected and basic maintenance wasn't kept up. Ripped off and replaced the roof before I could move in. The cost of building materials to fix up homes is also continuing to increase. I've got a home but damn if it didn't need about $80k in repairs
Bruv, try living in London! I pay £2k per month for a 2 bed flat! (Apartment in Americanese) To buy it would be £600k
Mate, that's savage.
It's not the price going up. Its the money becoming worthless.
Mi familia
I'm honestly sick of not living in a house, but I am petrified to make a decision under such circumstances. Is this organic supply-demand dynamics? Will it correct? Will there be some cockamamie government relief coming? I feel like the minute I sign is the moment before I could get a far better deal, so I just wait for this to play out.
👋 from Australia
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I don't know who needs to hear this, but you can buy a smaller home. Today's average home is twice as big as when my parents were starting out.
You can also move somewhere that starter homes don't cost $1 million.
Bitcoin fixes this!
Fixed…
